Month: September 2019

Allergan AGN announced that it has settled with two counties of Ohio for almost $5 million, resolving all claims against itself related to the federal multidistrict litigation for opioid drug abuse scheduled in October. Per the settlement terms, Allergan will pay $1.9 million to Summit County and $3.1 million to Cuyahoga County, which will remove the company from the defendant list in the first-ever multidistrict litigation related to opioid drug abuse. The company stated that these settlements have been done keeping in view the timeline for the trial outcomes and costs related to it. […]

So far this year, GlaxoSmithKline plc’ s GSK shares have outperformed the industry . The stock has risen 8.8% against a 1.4% decrease for its industry. Meanwhile, estimates for 2019 have inched up 1.4% in the past 30 days. […]

MongoDB MDB is set to report second-quarter fiscal 2020 results on Sep 4. In the first quarter of fiscal 2020, the company reported adjusted loss of 22 cents per share, narrower than the Zacks Consensus Estimate of a loss of 24 cents and also the year-ago quarter’s loss of 37 cents. Revenues of $89.4 million soared 73.8% year over year and comfortably surpassed the consensus mark of $83 million. […]

JinkoSolar Holding Co., Ltd. JKS reported second-quarter 2019 earnings per share of 18 cents, which missed the Zacks Consensus Estimate of 28 cents by 35.7%. Total Revenues In the quarter under review, JinkoSolar’s total revenues of $1,007 million (RMB 6,913 million) beat the Zacks Consensus Estimate of $928 million by 8.5% […]

AT&T Inc. ’s T subsidiary, AT&T Communications, has entered into a new multi-year content carriage agreement with Starz — a Lions Gate Entertainment Corp.’s LGF.A media and entertainment firm. Financial terms of the deal were not disclosed […]

On Aug 30, we issued an updated research report on Zimmer Biomet Holdings, Inc. ZBH . […]

Tyson Foods, Inc. TSN is committed toward expanding presence in the global markets, evident from its latest agreement to invest in the foods segment of Brazil’s Grupo Vibra (“Vibra Foods”). […]

Shares of IDEX Corporation IEX have rallied about 31% so far this year. Also, the company has significantly outperformed its industry ’s rise of 20.5% over the same time frame. The Zacks Rank #3 (Hold) stock, which has a market cap of roughly $12.3 billion, has impressed investors with its recent earnings streak […]

Hologic, Inc. HOLX has been performing impressively of late, courtesy of a strong product pipeline as well as revenue growth at the GYN Surgical and Molecular Diagnostics segments. […]

PerkinElmer, Inc. PKI continues to benefit from core Diagnostics segment, robust international growth and continued margin expansion. However, forex volatility remains a concern. […]

HealthEquity, Inc. HQY recently completed the previously-announced acquisition of WageWorks for a deal value of $2 billion. Additionally, the company announced an $80-$100 million investment […]

MEDNAX, Inc . MD recently entered into an agreement with Northern Indiana Neonatal Associates (“NINA”) P.C., which is a private neonatology practice located in Fort Wayne, IN. The transaction was made in cash and is expected to be immediately accretive to earnings. […]

Zumiez Inc. ZUMZ is scheduled to report second-quarter fiscal 2019 results on Sep 5, after the market closes. We note that in the trailing four quarters, the company has outperformed the Zacks Consensus Estimate, recording average positive earnings surprise of 46.3%. […]

Wall Street just completed a disappointing August, which historically remains weak in stock market performance. However, this August dented investors’ confidence a little bit more with heightened trade conflict between United States and China, global economic slowdown and various geopolitical unrests. However, despite the presence of severe volatility, a few stocks, within the broad-market S&P 500 Index, climbed in August. […]

In July, U.S. consumer spending increased significantly, indicating that worries about a near-term recession were probably overblown. These are great tidings for the financial markets and in particular for those who have been worried that economic weaknesses could upend the market rally. […]

We have issued an updated research report on Graco Inc. GGG on Sep 2. The company currently carries a Zacks Rank #4 (Sell) […]

Price performance of Danaher Corporation DHR has been impressive year to date, which is evident from 37.8% gain in its shares. Healthy fundamentals, solid growth opportunities and impressive financial performances supported positive market sentiments for this stock. The Washington-based company belongs to the Zacks Diversified Operations industry […]

Utility stocks are one of the safest investment options. Primarily, domestic-focused, regulated, and mature utility companies provide basic amenities like electricity, gas and water to residential, industrial, as well as commercial customers. […]

Two major Canadian Banks — Royal Bank of Canada RY and The Toronto-Dominion Bank TD — have been asked to pay about C$24.5 million ($18.5 million) to settle accusations laid by the Ontario Securities Commission (“OSC”). OSC is a regulatory agency, which administers and enforces securities legislation in the Canadian province of Ontario. The statement of allegations, filed separately against each bank, alleged that traders of the banks shared confidential customer information with other participants in chatrooms to gain potential advantage in foreign exchange (FX) transactions that took place between 2011 and 2013. […]